Reliance Industries
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Reliance Jio Q3 net profit rises 15.5 per cent to Rs 3,489 crore
Business | Jan 22, 2021, 08:58 PM ISTJio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter.
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Zhong Shanshan, owner of largest Chinese beverage company, is Asia's richest person
Business | Dec 31, 2020, 01:42 PM ISTChinese billionaire businessman Zhong Shanshan has replaced India's Mukesh Ambani to become Asia's richest person. He has also eclipsed Chinese tech giants including Jack Ma in the list.
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Future Retail says reviewing HC order, Amazon welcomes verdict
Business | Dec 21, 2020, 08:55 PM ISTKishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi High Court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance.
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Five of top 10 most valued firms lose together ₹91,699 crore m-cap; RIL worst hit
Business | Nov 29, 2020, 01:42 PM ISTThe combined market valuation of five of top-10 most valued firms declined by ₹91,699 crore last week, with heavyweight Reliance Industries emerging as the worst hit. Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Limited, Kotak Mahindra Bank and Bajaj Finance were the gainers.
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RIL shares jump over 3% after Saudi Arabia's PIF invests Rs 9,555 cr in Reliance Retail
Business | Nov 06, 2020, 01:31 PM ISTBillionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.
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Saudi Arabia's PIF invests Rs 9,555 crore in Reliance Retail
Business | Nov 05, 2020, 05:51 PM ISTBillionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.
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Reliance Industries Q2 net falls 15 per cent on weak oil business
Business | Oct 30, 2020, 10:13 PM ISTBillionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom.
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Reliance Jio Q2 net profit jumps 3-fold to Rs 2,844 crore, revenue zooms 33 per cent
Business | Oct 30, 2020, 08:38 PM ISTGlobal investment firm KKR on Thursday said it has floated a separate company, Virescent Infrastructure, to acquire renewable energy assets in India. Virescent currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu.
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Sensex plunges 540 points; Reliance Industries tanks 4 percent
Market | Oct 26, 2020, 04:46 PM ISTEquity benchmark Sensex plunged 540 points on Monday, tracking heavy losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid negative cues from global markets.
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Reliance rolls back salary cuts, offers bonus
Business | Oct 25, 2020, 08:53 PM ISTThe firm is also offering an advance 30 per cent of the variable pay from the next year's salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.
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Amazon drags Reliance-Future Group deal to Singapore arbitration
Business | Oct 09, 2020, 11:11 AM ISTUS online retailer Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer's Rs 24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant.
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Hurun India Rich list 2020: Mukesh Ambani tops for 9th consecutive year | Check top 10 billionaires
Business | Sep 29, 2020, 02:19 PM ISTIIFL Wealth Hurun India Rich List 2020: Reliance Industries MD and chairman Mukesh Ambani continues to be the richest Indian for the ninth consecutive year on Hurun India Rich List 2020 with Rs 6,58,400 crore of personal wealth.
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Tata App: Walmart likely to join hands with Tata Group, may invest up to $25 bn in super app
Business | Sep 29, 2020, 12:47 PM ISTWalmart Inc. is in talks with Tata Group for an investment of up to $25 billion in the proposed "super app" of the salt-to-software conglomerate, the Mint newspaper reported on Tuesday, citing people familiar with the matter.
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Reliance Industries shares close nearly 1 per cent higher after KKR deal
Market | Sep 23, 2020, 05:10 PM ISTShares of Reliance Industries on Wednesday closed with nearly 1 per cent gains after the company said global investment firm KKR will invest Rs 5,550 crore in its subsidiary Reliance Retail Ventures Ltd (RRVL) to pick 1.28 per cent equity stake.
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RIL, TCS, HUL and Infosys add Rs 3 lakh crore in m-cap in one week
Business | Sep 13, 2020, 10:17 AM ISTShares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.
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Mukesh Ambani's RIL becomes first Indian firm to cross $200 billion M-cap: All you need to know
Business | Sep 11, 2020, 06:03 PM ISTIndustrialist Mukesh Ambani's Reliance Industries Limited (RIL) has become India's first company to cross $210 billion market cap, entering the top 40 of worlds most valuable firms. At this market valuation, Reliance Industries is now worlds 40th most valuable firm ahead of the likes of Exxon Mobil, PepsiCo, SAP, Oracle, Pfizer and Novartis.
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Reliance first Indian firm to cross $200 billion M-Cap, becomes world's 40th most valuable company
Business | Sep 10, 2020, 11:12 PM ISTBillionaire Mukesh Ambani-led Reliance Industries Limited (RIL) has entered top 40 of the world's most valuable firms league as it became the first Indian company to cross USD 210 billion in market capitalisation intra-day.
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Reliance-Future deal: What the future holds for India's retail sector
Business | Aug 31, 2020, 11:09 AM ISTWith Future Retail takeover Reliance Retail now consolidated its position in Retail Space. Now Reliance Retail has entered into Upmarket, Metro and Malls. Future Retail has a good presence in these areas.
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Mukesh Ambani's RIL in talks to buy Milkbasket, Urban Ladder: Report
Business | Aug 17, 2020, 12:44 PM ISTReliance Industries (RIL) may buy online furniture brand Urban Ladder and milk delivery platform Milkbasket. The company is in talks to acquire both, according to a TOI report.
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Mukesh Ambani, 4th richest person in the world, lesser known facts
Fyi | Aug 11, 2020, 11:06 PM ISTBillionaire Indian industrialist Mukesh Ambani has become the 4th richest person in the world. Above him, the top 3 positions are currently dominated by Jeff Bezos, Bill Gates, and Mark Zuckerberg. Here are some interesting facts about Mukesh Ambani.